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Real Estate Auctions – The New Land Rush

On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.

Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.

Real Estate Auctions Work in Up or Down Markets.

Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.

The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.

When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.

Evaluating Your Real Estate for Auction

Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.

Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.

Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.

Locate a Qualified Real Estate Auctioneer

Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.

Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.

You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.

Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.

Types of Real Estate Auctions

Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:

Absolute Auction

The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.

Minimum Bid Auction

Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.

Seller Confirmation or Reserve Auction

With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.

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The Income Opportunity Home Based Business Truth That Will Shock You

The Astonishing Truth About Any Income Opportunity Home Based BusinessYou’ve probably been searching online for an easy way to replace your current income. Well let me start by saying you’re in for a surprise!While everyone with an internet connection is trying to sell you something online, I’d like to personally take the time out to offer you some insight. Insight that will allow YOU to make a decision and not be forced into an income opportunity home based business without knowing what you’re in for.There are many, many opportunities to make an income from your home if that’s what you desire. But with these opportunities are the “small print” that doesn’t tell you just how much work it takes to create an income that you can actually live off of.That’s what I’m here for today. To tell you WHAT you’re going to need and HOW you’re going to have to do it.Any MLM, network marketing, direct sales opportunity derives off marketing, PERIOD. If you’re the type of person that is deathly afraid of selling anything, or even having a conversation with someone about a product or service, you’re bound to fail at a home business.Here are the first things you must have in order to enjoy the benefits of an income opportunity home based business.

The Right Mindset – Confidence in yourself has EVERYTHING to do with your success in an income opportunity, no matter if it’s in your home or on the JOB.

The Time To Focus – Just as you or anyone else would dedicate 8-12 hours at a JOB for a boss, you have to be willing to dedicate a certain period just for your business. Time that will allow you to focus, educate yourself, and produce valuable marketing efforts that will drive you closer to that full time income.

Minimum Amount Of Funds Available – Yes, just as if you were to open a franchise business, you’re going to need some funds to start an income opportunity home based business. Start up costs, monthly fees, and additional marketing expenses WILL come into play as you’re building your personal empire.
Now That You’ve Understood That, Let’s Move OnThose qualities I just mentioned above are just your first step in creating some form of profit from a business at home. Without those qualities, and sorry to be so vague, you’re pretty much destined to fail.Sounds intimidating? To some, it probably is.But know this, my job and my purpose is NOT to force you into something you’re not ready for. Like many business professionals online, our goal is to provide you the RIGHT information to make your own decision.As far as an income opportunity home based business, there are several that can meet your needs but few that will actually allow you to market a service that will NEVER go unutilized.Juices, lotions, energy drinks, and home cleaning products are just a few of the products you can sell online. But in our current economy, who can continue to afford to waste their hard earned money on things of luxury?Nevertheless, one service that will always be in demand is the continued search for financial education.Learning how to increase your income, establish a higher credit score, and knowledge on how to invest your hard-earned money from your business will ALWAYS be in continuous need for many, many years to come.For this reason, I’ve personally chosen this avenue as my income opportunity home based business and by far have met my expectations.Which Income Opportunity Home Based Business Do You Recommend?Here it comes, the time that I mention to you what I personally recommend. First, let me explain to you what it is NOT:
No, it’s not “Get Rich Quick” scheme.
No, it’s not another multi-level marketing business.
No, you do not have to maintain a stock level of item in your home to sell.
And finally, NO, you don’t have to be confined to your home to work this business. It can be done from ANYWHERE you choose.
You’re probably anxious to know what it is by now.Guess what? I’m not going to tell you either! (Just kidding)The business I am informing you on is “Providing others a form of financial education through the training and support of professionals previously in the fields of financial advisors, investors, and wealth management.”

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Finding a Home Based Business Opportunity

Home-based business opportunities these days abound. If you’re looking for a way to supplement your income or start an exciting new career, there’s likely a one that suits your skills and interests. Millions of people around the world are taking advantage of work-from-home opportunities, enabling them to take control of their own work lives, finances, and achieve a work-life balance.Home based businesses offer people the opportunity to set their own hours, control their own income and develop their skills and talents. While many are part-time projects used by their owners to create a supplemental source of income or to create a self-funding hobby, a growing number of people are turning their home businesses into full-time careers.Hot career fieldsIf you want to start a business from home, but aren’t sure what type of business to start, here are a few to consider:* A home based business in entertainment shopping and travel. It’s easy to learn, and the better models will have team-support and the added benefit of reduced price shopping and luxury holidays.* Home computer businesses are an easy way for people to make money from home. If you’re tech savvy you can offer your friends and neighbors support services. Many people prefer to deal with a local support service than having to contact a call center that could be anywhere in the world.* Internet marketing is an exciting and growing business model. With a few easy-to-learn marketing, writing and web design skills, you can quickly learn how to make a substantial income from selling products and services online and helping others market their businesses. Even if you don’t want to do it yourself, there are great outsourcing services who can do the hack work for you, while you focus on business growth.* Virtual assisting is a growth field for those wanting to work from home. A growing number of companies are choosing to outsource clerical duties to outside contractors to reduce benefit costs. A virtual assistant receives work online and performs data entry and other administrative tasks for a company. By snagging several of these jobs, you can create a steady stream of dependable income.* Medical coding is another great home-based business. Many hospitals and doctors’ offices outsource their coding work to outside contractors. A good medical coder can work for several clients and bring home a significant income.The number of home based business opportunities that require little or no training to start up is growing all the time, but require time to master. Finding a mentor to help will short-cut your learning curve.

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